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Ch. 288
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2002 LAWS OF MARYLAND
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(IV) 0.45 0.46 IN FISCAL YEAR 2006 2007; AND
(V) 0.50 IN FISCAL YEAR 2007 2008 AND EACH FISCAL YEAR
THEREAFTER
(9) "STATEWIDE WEALTH PER PUPIL" MEANS THE SUM OF THE WEALTH
OF ALL COUNTIES DIVIDED BY THE STATEWIDE FULL-TIME EQUIVALENT
ENROLLMENT.
(10) "WEALTH" HAS THE MEANING STATED IN § 5-202 OF THIS SUBTITLE.
(B) EACH YEAR THE STATE SHALL DISTRIBUTE COMPENSATORY EDUCATION
GRANTS TO COUNTY BOARDS.
(C) (1) THE AMOUNT OF THE COMPENSATORY EDUCATION GRANT
DISTRIBUTED TO A COUNTY BOARD SHALL BE CALCULATED AS PROVIDED IN THIS
SUBSECTION.
(2) FOR EACH COUNTY, MULTIPLY THE COMPENSATORY EDUCATION
PER PUPIL AMOUNT BY THE COUNTY'S COMPENSATORY EDUCATION ENROLLMENT
COUNT.
(3) FOR EACH COUNTY, DIVIDE THE RESULT CALCULATED UNDER
PARAGRAPH (2) OF THIS SUBSECTION BY THE RATIO, ROUNDED TO SEVEN DECIMAL
PLACES, OF LOCAL WEALTH PER PUPIL, TO STATEWIDE WEALTH PER PUPIL.
(4) FOR EACH COUNTY, MULTIPLY THE RESULT CALCULATED UNDER
PARAGRAPH (3) OF THIS SUBSECTION FOR THE COUNTY BY THE RESULT, ROUNDED
TO SEVEN DECIMAL PLACES, THAT RESULTS FROM DIVIDING THE AGGREGATE
STATE FUNDING LEVEL FOR THE COMPENSATORY EDUCATION FORMULA BY THE
SUM OF ALL OF THE RESULTS CALCULATED UNDER PARAGRAPH (3) OF THIS
SUBSECTION FOR ALL COUNTIES.
(D) (1) IF THE AMOUNT CALCULATED UNDER SUBSECTION (C)(4) OF THIS
SECTION FOR ANY COUNTY IS LESS THAN THE MINIMUM COMPENSATORY
EDUCATION GRANT AMOUNT DETERMINED UNDER PARAGRAPH (2) OF THIS
SUBSECTION, THE STATE SHALL DISTRIBUTE AN ADDITIONAL GRANT TO THE
COUNTY IN THE AMOUNT BY WHICH THE MINIMUM COMPENSATORY EDUCATION
GRANT AMOUNT EXCEEDS THE RESULT CALCULATED UNDER SUBSECTION (C)(4) OF
THIS SECTION.
(2) FOR PURPOSES OF PARAGRAPH (1) OF THIS SUBSECTION, THE
MINIMUM COMPENSATORY EDUCATION GRANT AMOUNT FOR EACH COUNTY IS THE
RESULT OBTAINED BY MULTIPLYING THE COMPENSATORY EDUCATION PER PUPIL
AMOUNT BY THE COUNTY'S COMPENSATORY EDUCATION ENROLLMENT COUNT, AND
MULTIPLYING THIS PRODUCT BY:
(I) 0.50 FOR FISCAL YEAR 2004;
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(II) 0.66 FOR FISCAL YEAR 2005:
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(III) 0.70 FOR FISCAL YEAR 2006;
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- 2194 -
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